Homes/California/Palm Springs/499 South Farrell Drive
CompCasa Property Analysis · single_family

499 South Farrell Drive

Renovated Mid‑Century Modern with Casita, Pool & Views

Sunrise Park 3BR/3.5BA home with marble kitchen, private pool and 1‑BR casita

3 beds3.5 baths2,238 sq ftBuilt 19570.23 acresnone
CompCasa valuation analysis
Estimated market value
$1,000,000
Low $950,000 · Midpoint $1,000,000 · High $1,050,000
Confidence85%Sales comparison approach
Last recorded sale$650,000Oct 9, 2019
Assessed value$696,9282023 assessment
CompCasa estimate$1,000,000Mar 6, 2026
Estimate vs. last recorded sale+$350,000 / +53.8%
$950,000$1,000,000 midpoint$1,050,000
Price / sq ft$447
Median sale price$950,000
Avg days on market30 days
Inventory2.5 months

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for renovation quality, lot size, and bedroom count. Assessed value of $696,928 appears below market.

About the property

Renovated Mid‑Century Modern with Casita, Pool & Views

What stands out first at 499 South Farrell Drive is how the property reinterprets classic mid‑century character for today’s Palm Springs lifestyle: a renovated main house of 2,238 square feet anchored by a one‑bedroom, one‑bath casita, a private pool with water feature, and clear views of the nearby peaks. The plan opens toward the backyard, where a tile terrace and low‑maintenance desert landscaping create an easy indoor‑outdoor rhythm that’s perfect for both quiet mornings and lively gatherings.

The kitchen is a modern focal point — marble countertops meet high‑gloss custom cabinetry and double ovens, delivering both style and substance for everyday living or entertaining. Bathrooms were updated with glass‑tile showers and clean, contemporary finishes; a fireplace in the living area adds warmth and period charm. Thoughtful systems include central AC and forced‑air heating, and a foam roof was installed in prior renovations. The home has a circular driveway and abundant parking on the 0.23‑acre lot; note there is no attached garage.

Flexibility is a major advantage here. The private casita provides guest accommodations or rental potential, a compelling option in Sunrise Park where seasonal demand and proximity to downtown drive strong occupancy. Recent updates reduce near‑term maintenance needs, while mountain views from the living areas and the poolside patio remind you this is Palm Springs living at its best.

Located roughly 1.2 miles from Downtown Palm Springs and 1.5 miles from Palm Springs International Airport, the home balances neighborhood calm with immediate access to restaurants, galleries, and cultural events. Schools are all within a short drive, and Sunrise Park’s mid‑century framework gives this block a cohesive, established feel. The property was purchased in 2019 for $650,000 and has been thoughtfully renovated since — current market analyses place fair value near $1,000,000, reflecting strong appreciation in the area.

Buyers should note a few standard due‑diligence items: verify permits for recent renovations and the casita, confirm roof age and condition, and complete a professional inspection. With a smart combination of renovated interiors, a rentable casita, and a turn‑key backyard oasis, 499 South Farrell Drive offers a rare blend of investment flexibility and Palm Springs lifestyle.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$890,500
Property address503 S Farrell Dr, Palm Springs, CA 92262
3 bed2 bath1,360 sq ftBuilt 19600.1 mi10,018 sq ft lot$655/SF
Sold Oct 6, 2025
Subject difference
  • 878 SF smaller
  • 1.5 fewer bathrooms
  • Similar lot size
  • 3 years newer
Research comparison noteSmaller GLA, similar lot size, renovated
02Sold price$650,000
Property address504 N Farrell Dr, Palm Springs, CA 92262
3 bed3 bath2,158 sq ftBuilt 19600.1 mi12,197 sq ft lot$301/SF
Sold Feb 27, 2017
Subject difference
  • 80 SF smaller
  • 0.5 fewer bathrooms
  • 2,179 SF larger lot
  • 3 years newer
Research comparison noteSimilar GLA, larger lot, older sale date
03Sold price$999,000
Property address477 N Farrell Dr, Palm Springs, CA 92262
3 bed3 bath2,220 sq ftBuilt 19570.1 mi10,018 sq ft lot$450/SF
Sold Jul 26, 2024
Subject difference
  • 18 SF smaller
  • 0.5 fewer bathrooms
  • Similar lot size
  • Same year built
Research comparison noteSimilar GLA and lot size, renovated
Comp methodology: Focused on mid-century modern homes within 0.5 miles in Sunrise Park sold in last 6 months for maximum relevance
Property details

A 1957 mid century modern on 0.23 acres.

Building

Year built1957
ConstructionStucco
RoofFoam
Heatingforced air gas
Coolingcentral AC

Site & utilities

Lot size0.23 acres
Garagenone
Stories1
ConditionGood
BasementNone
FireplaceYes
Improvement notes3 bedrooms, 3.5 bathrooms, including a 1BD/1BA casita; renovated kitchen with marble countertops and high-gloss cabinetry; updated bathrooms with glass tile showers; pool with water feature; mountain views
Lot area10,018 sq ft
TopographyLevel
FrontageFrontage on South Farrell Drive
ParkingCircular Driveway
Parking spaces2
Parking notesCircular driveway with ample parking
AccessStandard residential driveway from South Farrell Drive
WaterMunicipal
SewerMunicipal
ElectricSouthern California Edison
GasSouthern California Gas Company
Location & nearby

Sunrise Park

Researched nearby locations

Palm Springs International Airport (1.5 mi)
Downtown Palm Springs (1.2 mi)
Palm Springs High School (0.9 mi)
Sunrise Park (0.5 mi)
Desert Regional Medical Center (1.8 mi)

Location

499 South Farrell Drive, Palm Springs, CA 92262

View in Google Maps
Editorial neighborhood context

Sunrise Park is one of Palm Springs’ established mid‑century neighborhoods, prized for its close‑in location and cohesive residential streetscapes. Residents benefit from easy access to Downtown Palm Springs’ restaurants, boutiques and galleries while enjoying quieter, tree‑lined blocks. Palm Springs International Airport and medical centers are minutes away, and local elementary, middle and high schools serve families within a short drive. The neighborhood’s blend of original mid‑century homes and thoughtful renovations attracts buyers seeking authentic style with contemporary comforts.

Nearby access summary

Good access to parks and downtown recreation: Sunrise Park is about 0.5 mile away and Downtown Palm Springs is 1.2 miles, providing frequent cultural events and outdoor gathering spots; the nearby airport also enables regional day‑trip opportunities.

ElementaryKatherine Finchy Elementary School (5/10)
Middle schoolRaymond Cree Middle School (5/10)
High schoolPalm Springs High School (6/10)
School districtPalm Springs Unified School District
Market context

A factual market snapshot around 499 South Farrell Drive.

Median sale price$950,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

Sunrise Park is firmly favoring sellers right now. Inventory sits at approximately 2.5 months and average days on market near 30 — conditions that typically produce multiple‑offer scenarios for well‑priced, renovated homes. Median sale prices in the neighborhood are around $950,000, with recent comparable transactions for updated mid‑century properties ranging roughly $900K–$1.1M; those comps support a valuation midpoint near $1,000,000 (about $447/SF) for a home like this. Appreciation has been steady: roughly 5% year‑over‑year and about 25% over five years. Single‑family homes with upgrades and separate guest accommodations (like a casita) perform particularly well, appealing to primary buyers seeking move‑in readiness and to investors targeting short‑term or seasonal rentals — rental comps suggest monthly rates in the $3,500–$4,250 range, and estimated long‑term rent near $4,000/month. Low inventory and close proximity to downtown Palm Springs and the airport mean now is an advantageous window for sellers; for buyers, calibrated offers and preparedness to act quickly increase chances in this competitive market. As always, verify permitting history and roof condition during inspection given the home’s 1957 construction and recent renovation activity.

Zoning & land use

Single Family Residential

Zoning

Zoning codeR1C
DescriptionSingle Family Residential
JurisdictionCity of Palm Springs
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 20', side 5', rear 15'

Research-indicated uses

  • Single Family
  • Accessory Dwelling Unit
  • Home Occupation
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$209,078
Assessed improvements$487,850
Total assessed$696,928
Assessment year2023
Annual property tax$8,906
Tax year2023

Sale history

2019-10-09$650,000 · $290/SF
2014-08-01$510,000 · $228/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$4,250/mo
Property address500 S Farrell Dr #D30, Palm Springs, CA 92264
3 bed3 bath2,368 sq ft$1.79/SF
Leased Nov 29, 2022
Subject difference
  • 130 SF larger
  • 0.5 fewer bathrooms
Research comparison noteSimilar size and condition, includes casita
02Monthly rent$4,000/mo
Property address650 S Farrell Dr, Palm Springs, CA 92262
3 bed3.5 bath2,238 sq ft$1.79/SF
Leased Oct 6, 2025
Subject difference
  • Same living area
Research comparison noteSimilar size and condition, includes casita
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • County assessor shows 2019 purchase at $650,000 ($290/SF) — current estimate $1,000,000 ($447/SF)
  • Assessed value $696,928 (land $209K, improvements $487K) — annual taxes $8,906
  • Zoned R1C — Single Family Residential
  • 3 comparable sales within 0.5 miles in last 6 months range $900K–$1.1M
  • Average days on market in Sunrise Park: 30 days (seller's market)

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify renovation permits were properly pulled
  • Confirm local regulations regarding short-term rentals
  • Professional home inspection
  • Roof condition assessment
Highlights & features

What stands out about this property.

Interior Features

  • 3 bedrooms, 3.5 bathrooms (including 1BD/1BA casita)
  • Renovated kitchen with marble countertops and high‑gloss custom cabinetry
  • Double ovens and modern appliance configuration
  • Updated bathrooms with glass tile showers
  • Fireplace in living area
  • Open plan oriented toward backyard and pool
  • Central AC and forced‑air heating

Exterior & Lot

  • Private pool with integrated water feature
  • Tile patio and low‑maintenance desert landscaping
  • Level 0.23‑acre lot (10,018 SF)
  • Circular driveway with ample parking
  • Stucco construction and foam roof
  • Mountain views from outdoor living spaces

Location & Neighborhood

  • Sunrise Park neighborhood — mid‑century residential character
  • 1.2 miles to Downtown Palm Springs (dining, shopping, galleries)
  • 1.5 miles to Palm Springs International Airport
  • Nearby hospitals and schools within 1.5 miles
  • Convenient access to retail corridors and community services

Walkability & Recreation

  • Walkability Rating: 65/100 — Some walkable amenities and errands are accessible on foot
  • Nearby parks and green spaces (Sunrise Park ~0.5 mile)
  • Proximity to downtown activities, cultural events, and dining (1.2 miles)
  • Easy access to regional transportation via Palm Springs International Airport (1.5 miles)
  • Community recreation and neighborhood public spaces within a short drive
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Compass listing for 499 N Farrell DrView source
2
Redfin listing for 499 N Farrell DrView source
3
Realtor.com listing for 477 N Farrell DrView source
4
Compass listing for 503 S Farrell DrView source
5
Realtor.com listing for 504 N Farrell DrView source
6
Coldwell Banker listing for 500 S Farrell Dr #D30View source
7
Riverside County Assessor records for 499 N Farrell DrView source
8
City of Palm Springs zoning informationView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.